SAMBU CONSTRUCTION CO.,LTD approves corporate split creating SB Asset Management Co., Ltd.

SAMBU CONSTRUCTION CO.,LTD's board approved on 2026-11-05 a corporate split that creates SB Asset Management Co., Ltd. as a new company. The split takes the form of a vertical (physical) split — new company wholly owned by the existing company, under which assets, liabilities and contracts linked to pending litigation, along with a set amount of cash for litigation costs, are transferred to the newly established company, and the existing company takes over all of its issued shares. The split is scheduled to take effect on 2026-11-06. According to the filing, the purpose is to allow the existing company to proceed with an expedited closing of its rehabilitation procedure while the new company continues the related lawsuits.